In Shanghai not a single car was sold last month (Shanghai Automobile Sales Association)

The Wall Street Journal have a recap of the calamitous data from China yesterday

ICYMI:

• China data April Retail sales & Industrial production both plunge

The Journal (gated) add a little more:

• In Shanghai, the citywide lockdown meant not a single car was sold last month, the Shanghai Automobile Sales Association said Monday.
• Covid-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term restrictions could also be felt in China’s manufacturing sector, where struggles to get workers on factory floors, combined with softening overseas demand for Chinese goods, crippled output and disrupted supply chains.

With any luck things will begin to improve:

• Shanghai says no new coronavirus cases outside quarantine for 3rd day in a row